Thursday, October 15, 2009 7:34:44 PM
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR). Quasar Aerospace Industries, Inc. is pleased to announce the signing of an agreement to acquire a third aviation/aerospace company. The full Board of Directors of the company to be acquired unanimously approved recommending to the shareholders that they accept the offer of One Dollar per share for the 32,000,000 shares outstanding. The members of the Board hold over 80% of the outstanding stock so shareholder approval is certain to be obtained. The company's name for the obvious reasons must remain anonymous until the transaction is closed, which is scheduled for August of this year. This acquisition will add approximately $18,000,000 to our annual revenues and $3,750,000 to the bottom line.
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